El Paso Electric Company (the "Company") is a public utility engaged in the
generation, transmission and distribution of electricity in an area of
approximately 10,000 square miles in west Texas and southern New Mexico. The
Company also serves a full requirements wholesale customer in Texas. The Company
owns or has significant ownership interests in several electrical generating
facilities providing it with a net generating capacity of approximately 2,085
megawatts ("MW"). For the year ended December 31, 2019, the Company's energy
sources consisted of approximately 44% nuclear fuel, 44% natural gas, 12%
purchased power and less than 1% generated by Company-owned solar photovoltaic
panels. As of December 31, 2019, the Company had power purchase agreements for
107 MW from solar photovoltaic generation facilities and intends to expand its
portfolio of renewable energy sources, particularly solar photovoltaic
generation. See "Energy Sources - Purchased Power.